Two new PP and PE plants in China achieved on-spec cargoes
These companies are stabilizing rates, from which players are expecting more steady quantities in the near-term.
It is reported that two newly constructed plants in China have achieved on specification PP and PE cargoes following a trial run throughout the month of August 2020. These companies are stabilizing rates, from which players are expecting more steady quantities in the near-term.
The first company, Liaoning Baolai Petrochemical Co Ltd (Bora Petrochemical) - a 50:50 joint venture between LyondellBasell and Baolai Group. The company has been offering off-grade PP and PE cargoes in August and the first on-spec parcels emerge this week. Bora Petrochemical owns two PP lines with a combined capacity of 600,000 tons/year, a 350,000 tons/year HDPE unit and a 450,000 tons/year LLDPE unit.
The second company, Zhongke Refinery and Petrochemical has also offered prime grade homo-PP cargoes this week after much struggling to stabilize the units in August. The two PP lines with a combined production capacity of 550,000 tons/year are slated to enter commercial production by the second half of September 2020.